Since 01.07.2020, reportable cross-border tax structures in Germany must be reported according to DAC 6. In a number of other countries, this reporting obligation will follow in the coming months.
In the last few months we have already successfully supported some of our customers in the submission of declarations. Together with our partners, we have developed a fast and cost-effective approach to roll out our DAC 6 solution throughout the group. From project start to notification in just a few weeks.
The reporting obligation applies to all direct taxes, in particular corporation tax, trade tax, but also inheritance tax and gift tax. Directive 2018/882/EU (DAC6) provides for the use of the common communication network (CCN) of the European Union for the automatic exchange of information between Member States. In Germany the notification is made to the BZST.
DAC 6 requirements present companies with several challenges:
As part of the web-based AMANA tax portal, the DAC 6 module supports our solution all the way through: from data capture to analysis and finally documentation / disclosure: 1:
The AMANA DAC 6 module was developed as a standard software in collaboration with our implementation partners specifically for the MDR process and covers the regime’s core disclosure obligations.
Our implementation partners will work out a tailored compliance process with your company for the disclosure of your reportable tax arrangements:
1 Since disclosure particulars are currently awaiting finalization from the regulatory authorities, no statement regarding implementation can yet be provided. At present draft legislation for disclosure has already been published in Germany and certain other member states.